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In the course of the neoliberal globalization offensive capital has become more international. This development has placed the question of the state on the agenda once again. The central issue here is the extent to which the existing plurality of states should be seen as a historically contingent state of affairs which might not in principle last indefinitely, or as a structural component of the capitalist mode of production. One important aspect of this issue is the question of how the relationship between the “political form” of capitalism and “institutions” is understood. More often than not, even approaches that use Marxist theory have tended to address this question in an unsatisfactory manner.